Ripple XRP rose by 2.39% on Friday. Following a 7.82% price rally on Thursday, XRP ended the day at $1.26451.

Tracking the broader market, XRP fell to a mid-morning intraday low of $1.20029 before making a move.

Steering clear of the first major support at $1.1385, XRP rallied to a late afternoon intraday high of $1.28974.

Ripple XRP broke through the first major resistance level

XRP broke through the first major resistance level at a price of $1.2826 before easing back to $1.26 levels.

At the time of writing, the XRP price was down by 1.21% to $1.24916. A bearish start to the day saw Ripple’s XRP fall from an early morning high of $1.26299 to a low of $1.24633.

Ripple’s XRP price left the major support and resistance levels untested early on.

XRP will need to move back through the $1.2515 pivot to bring the first major resistance level at $1.3027 into play.

Support from the broader market would be needed, ho



however, for XRP price, to break out from Friday’s high of $1.28974.

Barring an extended cryptocurrency rally, the first major resistance level would likely cap any upside.

In the event of another breakout, the XRP price could test resistance at $1.35 before any pullback. The second major resistance level sits at $1.3410.

Failure to move back through the $1.2515 pivot would bring the first major support level at a price of  $1.2133 into play.

Barring an extended sell-off, however, the XRP price should steer clear of the 38.2% FIB of $1.0659. The second major support level at a price of $1.1621 should limit the downside.

Looking at the Technical Indicators

First Major Support Level at $1.2133

Pivot Level at $1.2515

First Major resistance Level: $1.3027

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

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